The global stationery products industry size was valued at USD 145.02billionin 2022. The industry is expected to expand from USD 151.46billionin 2023 to USD 213.11 billionby 2030, exhibiting a CAGR of 5.00% over the study period.
Stationery products or items refer to the utility items for daily usage at offices, schools, or homes. The growing number of educational centers and offices across the globe bolsters the demand for the product at a macro level, impelling the industry growth.
Fortune Business Insights™ provides this information in its research report, titled “Stationery Products industry, 2023-2030”.
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Segmentation:
Paper Products Segment Dominate Due to Surging Demand for Paper Products
In terms of type, the industry is classified into writing instruments, paper products, art & craft, and others. The paper products segment accounts for the largest stationery products industry share due to growing demand for paper items across residential applications, schools, offices, and other educational institutes.
Notable Growth in the Number of Households Boosted the Residential Segment Growth
With respect to application, the industry is bifurcated into commercial and residential. The residential segment held the largest industry share in 2022 due to substantial growth in the number of households across the globe.
Tactile Experience Offered by Offline Shopping to Drive the Segment Growth
On the basis of distribution channel, the industry is categorized into online and offline. The offline segment registers the leading industry share owing to the tactile experience provided by offline shopping makes it traditional, augmenting the segment growth.
From the regional perspective, the industry is classified into South America, the Asia Pacific, Europe, the Middle East & Africa, and North America.
industry Overview:
This study offers comprehensive insights into the Stationery Products industry by providing detailed information on industry drivers, emerging trends, development opportunities, and potential industry restraints impacting its dynamics. The research assesses the global industry size for Stationery Products industry and analyses the strategic trends of major international competitors. Sales estimates over the anticipated time frame are provided, with every data point, including percentage share splits and breakdowns, sourced from secondary references and validated through primary sources. The report includes Porter’s Five Forces analysis, SWOT analysis, examination of the regulatory environment, and identification of key buyers to evaluate the key influencing factors and entry barriers in the sector.
Report Coverage
The industry research report encompasses different factors affecting the growth of the industry. In addition, it provides detailed insights into the COVID-19 impact, the latest trends, and the competitive landscape. The report further examines the strategic initiatives deployed by top companies to boost their share.
List of Key Players Mentioned in the Report:
- Faber Castell (Germany)
- Kokuyu Camlin (India)
- 3M (U.S.)
- Rifle Paper Co. (U.S.)
- Reynolds (New Zealand)
- Staedtler (Germany)
- Schwan Stabilo (Germany)
- ITC Classmate (India)
- Navneet (India)
- Muji (Japan)
Drivers and Restraints:
Surging Preference for Eco-Friendly Stationery Products to Escalate the industry Growth
One of the major factors propelling the stationery products industry growth is a rise in the preference for eco-friendly items. The industry growth rate is being increased by the growing uptake of paper-based products made of sustainable options such as sugarcane and bamboo for daily use.
Despite such growth opportunities, the quick digitalization in colleges and schools may impede the industry growth.
Regional Insights:
Asia Pacific to Register Largest Share Due to Growing Number of Educational Institutes
The Asia Pacific industry for stationery products is poised to secure the largest share during the forecast period. The rising number of educational institutes in India, Japan, and China is augmenting the regional growth.
North America is anticipated to witness steady growth in the coming years due to the increasing number of art institutes in the region.
Competitive Landscape:
industry Players Focus on Capacity Expansion Strategies to Enhance Their industry Position
The industry shows a fragmented structure, depicting the presence of many large and medium companies across international and domestic industrys. The companies are opting for different strategies to stand out from the competition. Some of these strategies include mergers and acquisitions, joint ventures, and others. Several companies are also focusing on capacity expansion strategies to boost their production capacities.
Key Industry Development:
August 2020: Inchpaper, an e-commerce startup based in India, initiated the facility of delivering stationery products for students and working professionals at doorsteps across 50 cities in India.
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